The World Bank has classified the economies of the world on the basis of income and region for the year 2006. This is a classification of all the member countries of the and other economies with populations more than 30,000. The groups made are as follows:
Lower Income Economies (with $825 or less)
Lower Middle Income Economies (With $826-3,255)
Upper Middle Income Economies (With $3,256-10,065) and
High Income Economies (With $10,066 or More)
Classification is made among the income groups as to 2004 GNI per capita and regions by using the World Bank Atlas Method.
Last week, the 0.1% met at World Economic Forum annual gathering in the Swiss mountain resort of Davos. While the official excuse to go there is to discuss and shape the global agenda – the theme dominating this year being inequality – we know that it is more about networking, socialising, fine dining and, new for this year, a chance to improve your wellbeing.
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum